You have more than likely seen the advertisements, walked by and/or stopped into Tower Records Virgin Megastore Best Buy on the ground floor of this condo development, you guessed it, 360 Newbury, at the intersection of Massachusetts Avenue and Newbury Street.

There is currently one unit remaining in this luxury development of 54 high-end condos with soaring ceilings, huge windows, high-end finishes, and a sophisticated loft feel. 360 Newbury, a Frank Gehry design, renovated in 2005, and the remaining unit, penthouse number 7, has been on the market for well over 200 days. It&8217;s a 2,062 square foot, one-bedroom two-bathroom $1.795 million unit that does not come with parking, and has gone through a $200K price drop this year alone.

What&8217;s keeping this unit from selling? The $870 price per square foot is somewhat typical of high-end concierge buildings in the Back Bay. The HOA fee of approximately $1,000 a month sounds relatively high, but 50 cents a square foot is a fair price given the amenities. The views, amenities, and craftsmanship are stellar in the unit. What&8217;s missing? Parking - we hear repeatedly from buyers that they have no desire to drive around the neighborhood looking for a parking spot when they come home at night (especially if they are paying more than $1 million).

The Listing Brokerages, Otis & Ahearn, are currently offering the brokerage who represents the Buyer on the unit a $25K gift certificate to Best Buy. Boston Condo Guy would be committed to putting those funds towards the purchase or rental of a parking spot in the Back Bay area, please contact us more details about penthouse number 7, and the possibility of including parking in the purchase.